Newbie question here- do I pay income tax on investment income? I haven’t heard it addressed at all yet in the podcasts and other materials I have come across.Thank you!
Is it possible to invest money from capital gains from the sale of a real estate investment property into a 401K to defer the tax on those capital gains?
Hi Everyone, I recently quit my day job and am trying to decide what to do with my 401k funds. I was going to transfer into an IRA but when I got to looking things over, I'm seeing some other options that I don't know...
I’m buying my first property using a VA loan. It’ll be a duplex. It will be my primary residence. My sister is going to live in the second unit and pay me rent. Is there a way to receive rental payments from her with...
Has anyone set up a solo-401K for a real estate investing business? Seems like a great option but as a buy and hold investor not sure how I get around the "earned income" requirement... any thoughts or resources in t...
Hi All,
My wife and I are about to have our first child and she may not be going back to work. Simultaneously, we are about to start the search for our first home and either flip or rent after 2 years. We were going ...
Hello All,
Just a quick question for the seasoned wholesalers out there. I'm wondering what the tax implications are specifically for wholesaling and which forms are utilized. Obv- my best bet is to touch base with...
Hi GuysMy dad and I are 50/50 Managing Members of an LLC (filed as "Partnership"). He is 62 and I'm 42. A couple of years ago we just paid-off our bank loan, reduced our operating expenses to a bare minimum and are r...
We have two rental properties (One on my wife name and one on my name) in South Florida.We are considering to start a company to manage our own properties, this way take advantage to the TAX deductions and goverment i...
Hi All,
Looking for some sources or answer if available. I am currently working abroad long-term. So I am not taxed in the US on the income I earn from my job. However, I do own a rental property in the US.
I know ...